ABTA says 1,500 holidaymakers look set to have their deposits returned from collapsed company Villa parade

Holidaymakers who booked with collapsed company Villa Parade are set to receive payouts in the next few weeks.

More than 1,500 people have been trying to claw back thousands of pounds each after the Huddersfield-based firm — which also traded as Air Parade and Luxury Villa Escapes — went bust last month.

It specialised in luxury breaks at upmarket villas in Spain and Portugal.

Properties: This Majorca villa was available through Villa Parade which is now bankrupt

Now the Association of British Travel Agents (Abta) and Airlines’ Travel Operators Licensing (Atol) have confirmed that compensation is in the pipeline. But how you get your money back depends on how you bought your holiday.

If your booking was accommodation-only and bought directly from Villa Parade — or, in a few cases, via a separate travel agent working with the firm — you will be refunded by its status as an Abta member.